Tag: Blue Apron

  • Failed meal-kit service Munchery owes $6M to gift card holders, vendors

    Several weeks after a sudden shutdown left customers and vendors in the lurch, meal-kit service Munchery has filed for bankruptcy. In the Chapter 11 filing, Munchery chief executive officer James Beriker cites increased competition, over-funding, aggressive expansion efforts and Blue Apron’s failed IPO as reasons for its demise. Munchery owes $3 million in unfulfilled customer […]

  • Business school grads and quants are winning the battle to create the next P&G

    Micah Rosenbloom microbrands. We’re witnessing a Cambrian explosion of new consumer startups. For the last couple of years, building a successful startup has seemed as simple as picking an out of favor category like ketchup and turning the most mundane of condiments into a Creative design helps a brand stand out, but accounting acumen is what keeps […]

  • These startup exits delivered the biggest bang for the buck

    Joanna Glasner Contributor Life sciences delivers some large returns Venture-backed life science companies generally pursue IPOs at a higher rate and earlier stage of development than their tech counterparts. That’s in part because public markets are a popular source of financing for clinical trials, and investors have historically been willing to buy shares of pre-revenue […]

  • US & Canada VCs favor late-stage giants over upstarts in Q4

    Joanna Glasner Contributor Quarterly totals Let’s start with Q4 numbers. Out of the $21.9 billion in projected total investment for the quarter, about 44 percent, or $9.7 billion, went to late-stage deals. Another 12 percent, or $2.6 billion, went to technology-growth rounds, a newly redefined category for Crunchbase News that includes many of the big financings for […]